web analytics

Doubts Cast On Sheikh Khaled Takeover Claims – Disaster Scenario Looms

Ever since the news that the Bin Zayed Group led by Sheikh Khaled was uncovered on May 26th, there have been doubts about whether the Sheikh has the money to buy the club.

Since he failed to buy Liverpool last August with a bid for 2B becasue the American owners didn’t want to sell we thought he could put together £350M to buy Newcastle.

The Tyneside club are a much better prospect as far as return on investment (ROI) is concerned.

And every day since then the Chronicle has reported that Mike Ashley is still awaiting an official bid from the group.

But if we are to believe the announcements made by Sheikh Khaled things are going well, but nobody knows what the timeframe of the takeover is.

Last week speaking to the Transfer Window podcast, reporter Duncan Castles has claimed a couple of things.

Sheikh Khaled bin Zayed al-Nahyan

One is that there is great skepticism in the City on the Bin Zayed takeover.

The second is that Jose Mourinho is interested to know if a real takeover is happening because if it is, he would be (very) interested in managing Newcastle.

Freelance reporter Duncan Castles has been speaking to the Transfer Window podcast, and said this about the Newcastle situation:

“I can tell you, Jose Mourinho is interested to find out whether there is a possibility of Newcastle United being bought by a wealthy owner.

“If Newcastle was, he would be interested in finding out whether that is an opportunity for him to manage again.”

“I think it (a Newcastle United Takeover) is a longshot.”

“For the reasons that we explained when we talked about that Newcastle United bid.”

“That it has been presented from a distant, relatively distant member of the Abu Dhabi royal family.”

“That we had skepticism in the City of London as to whether a deal to buy the club was actually in place.”

Things should break open soon – because this dreadful state of affairs can’t go on much past the end of this month.

We hope this breaks for the good of the club.

That would mean Rafa stays, and Mike Ashley sells the club to the Bin Zayed Group or some other ambitious group willing to invest heavily in the club.

If Rafa goes and Ashley stays, that’s a definition of the disaster scenario this summer for Newcastle United.

Comments welcome.

47 comments so far

  • All Aboot Toon

    Jun 14, 2019 at 10:40 AM

    Comment #41

    Nicked off Google.
    27 Sep 2017 – If you don’t know who Duncan Castles is yet, consider yourself lucky. Castles is a Scottish football journalist who writes for a number of publications and has what some people might call an unhealthy relationship/obsession with Manchester United manager José Mourinho. Castles also has a pretty bad track record when it comes to inaccurate reporting

    That’s all I need to know at this stage.

  • WLtoon

    Jun 14, 2019 at 10:49 AM

    Comment #42

    Good point about the new company being registered at Customers House. Is it too much of a coincidence that the same two guys from the Bin Zayed group are the only 2 directors of Monochrome Acquisitions ? The registration has got a Authenticity Notice Its a bonafide company set up for what, fransfering shares and or money from one company to another? There are a lot of bullshit rumours and assumptions flying about on the takeover, but actions speak louder than words, and the arabs are taking action. ashley for me can go without a word , everything he says is lies anyway, so its just as well he keeps his trap shut.

  • wynsleap

    Jun 14, 2019 at 10:50 AM

    Comment #43

    If all this falls through and has been a total club scam resulting in no players being bought, Rafa leaving and Cashley pocketing all the money gained from last season (again), I think EVERY supporter should write a letter to the FA outlining the situation and detailing all of Ashley’s past demeanours and ask them whether they consider he is a ‘Fit and Proper Person’ to own one of their top Premiership Clubs.
    We will ALL have to mobilise like never before and not just stand by and let others do the work while we all just sit on our hands and moan and bitch.

  • Return of the Geordi

    Jun 14, 2019 at 10:51 AM

    Comment #44

    Don’t panic Captain Manering ….. Don’t panic

    1. After the Amanda Stavley failed bid Ashley said any potential buyer has to provide proof off funds before they get access to the “Data Room” to allow them to do due diligence.

    2. Pretty much everyone accepts Heads of Terms have agreed. This would, by its very nature, have to include an agreed price and details of what was to be included in the sale. The actual sales agreement will have the t;s crossed and the i’s dotted on the fine details.

    3. Pinset Mason are one of the top law firms in the world for this kind of deal probably wouldn’t represent BZG if they didn’t have the funds to buy NUFC, it would reflect badly on their reputation.

    The Chronicles of Narnia’s Ryder, Douglas and Waygh, say Heads of Terms have been lodged with the Premier League but keep saying BZF haven’t made a formal bid, which is it? Can’t believe a word that any Journo prints or says on the radio none of them have a scooby doo what’s going.

  • IrishRob

    Jun 14, 2019 at 11:01 AM

    Comment #45

    I’m starting to worry now too, it cant take them this long. It’s been 18 days now, it wasnt supposed to ever take this long.

  • oldarse

    Jun 14, 2019 at 11:24 AM

    Comment #46

    Anybody got a drone that they can fly over SJP just to see what’s going on re: the clean-up or whatever.
    think any info would be interesting.

  • Geordie-john

    Jun 14, 2019 at 1:36 PM

    Comment #47

    Once again this will probably turn out to be ANOTHER annual smoke screen bollocks by GREEDY COCK-ney and again everyone on Tyneside has fallen for it.
    We should have heard something before now official or not.
    We need to teach Fat Lad a financial lesson so he will drop the club. I know it will never happen as everyone will never stand together for more than a day.
    We are gonna lose Rafa because of this and that’ll be our chances Donald ducked again !


You must log in to post a comment.